Thursday, August 18, 2011

Is It Late 2008 In Europe?

SGS is Neutral (as of close of 8/9/2011)
RTS is in CASH (Bench Mark)

My Long Term Portfolio
I'm planning to buy indices at SPX 1171 or lower (another 1/6). 
 
It does seem like late that it's late 2008 in Europe.  I don't think Europeans could or would deal with their issues (i.e. bank losses) because they have no "Mr. Risk"  running around with a one pager asking for $700 B "RIGHT NOW".  I do see , however,  a scenario under which Uncle Ben comes to rescue European banks indirectly (via Big Money).  They might even call it QE-III.

Futures are significantly down as of this writing.  It would be interesting to see if Big Money buys into this dip or piles into selling and liquidate long positions.  My guess is indices are driven down via their future contracts and Big Money will buy the dip today. 

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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.
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